Orange County Employees Retirement System, Santa Ana, Calif., committed $100 million to Kayne Anderson Capital Advisors for midstream energy investments, pending final due diligence and contract negotiations, said an announcement on the $12.1 billion pension fund’s website.
The commitment was made on behalf of the pension fund’s approximately $892 million real-return portfolio. The fund name could not be learned by press time. The pension fund has previously invested with Kayne Anderson.
Separately, the pension fund removed Pacific Investment Management Co.’s Unconstrained Bond Fund and Total Return Fund from its watchlist, noting its performance has been in line with their benchmarks. The strategies were placed on watch in early 2014 because of organizational changes at PIMCO.
OCERS has nearly $1 billion invested across five PIMCO strategies.
An OCERS spokesman could not immediately provide additional information.
